| Quarterly Financial Information (Unaudited) |
12. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
The following table summarizes the unaudited statements of operations for each quarter of 2020 and 2019 (in thousands, except per share amounts):
|
|
|
March 31
|
|
|
June 30
|
|
|
September 30
|
|
|
December 31
|
|
|
2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
1,541
|
|
|
|
1,103
|
|
|
|
1,891
|
|
|
|
2,347
|
|
|
General and administrative
|
|
|
1,816
|
|
|
|
1,815
|
|
|
|
1,863
|
|
|
|
2,374
|
|
|
Total operating expenses
|
|
|
3,357
|
|
|
|
2,918
|
|
|
|
3,754
|
|
|
|
4,721
|
|
|
Other income (expense)
|
|
|
37
|
|
|
|
(4
|
)
|
|
|
(10
|
)
|
|
|
(3
|
)
|
|
Net loss
|
|
|
(3,320
|
)
|
|
|
(2,922
|
)
|
|
|
(3,764
|
)
|
|
|
(4,724
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(2.15
|
)
|
|
$
|
(1.68
|
)
|
|
$
|
(1.14
|
)
|
|
$
|
(1.11
|
)
|
|
2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
4,055
|
|
|
|
2,032
|
|
|
|
1,824
|
|
|
|
1,763
|
|
|
General and administrative
|
|
|
1,885
|
|
|
|
1,630
|
|
|
|
1,893
|
|
|
|
1,446
|
|
|
Total operating expenses
|
|
|
5,940
|
|
|
|
3,662
|
|
|
|
3,717
|
|
|
|
3,209
|
|
|
Other income
|
|
|
36
|
|
|
|
38
|
|
|
|
44
|
|
|
|
15
|
|
|
Net loss
|
|
|
(5,904
|
)
|
|
|
(3,624
|
)
|
|
|
(3,673
|
)
|
|
|
(3,194
|
)
|
|
Basic and diluted net loss per share
|
|
$
|
(17.57
|
)
|
|
$
|
(10.08
|
)
|
|
$
|
(9.07
|
)
|
|
$
|
(5.91
|
)
|
|